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Land Tax Transfer

When you buy property or take the transfer of a property’s title, you have to pay a Land Transfer Tax (LTT). The LTT is a provincial tax that all provinces have, except Alberta and Saskatchewan, who instead levy a small fee.

You can also get rebates on your LTT in Ontario, British Columbia, and PEI, as well as in Toronto. They differ by province (and city, in the case of Toronto).

How much you pay depends on the province you live in and the value of your new home. If you’re buying a home in British Columbia, for example, you pay 1% on the first $200,000 and 2% on anything extra over $200,000. If your home was $300,000, that would look like:

First $200,000 x 1% = $2,000

Remaining $100,000 x 2% = $2,000

$2,000 + $2,000 = $4,000 total land transfer tax

Ontario land transfer tax

Purchase Price

Marginal Tax Rate1

On the first $55,000

0.5%

$55,000 to $250,000

1.0%

$250,000 to $400,000

1.5%

$400,000 to $2,000,000+

2.0%

$2,000,000+

2.5%

For example, on a $200,000 home, your land transfer tax ($200,000 x 1.0%) is $2,000.

First-time homebuyers in Ontario are eligible for a land transfer tax rebate equal to the full cost of your LTT, up to $2,000.

Toronto land transfer tax

In Toronto2 there is a secondary LTT:

Purchase Price

Marginal Tax Rate

On the first $55,000

0.5%

$55,000 to $400,000

1.0%

$400,000+

2.0%

Added to the $2,000 you’d owe at the provincial level, your land transfer tax with the City of Toronto ($200,000 x 1.0%) an extra $2,000.

Saskatchewan land transfer tax

There is no land transfer tax in Saskatchewan5, but they do have a land title fee, typically paid by your real estate lawyer when they fill out the land title form on your behalf.

Purchase Price

Title Transfer Fee

$1 to $500

$0

$500 to $8,400

$25

$8,400+

0.3% of the alue of the title or abstract

For example, on a home of $200,000, the title transfer fee ($200,000 x 0.3%) is $600.

Manitoba land transfer tax

Fair Market Value of the Property

Marginal Tax Rate6

On the first $30,000

0.0%

$30,000.01 to $90,000

0.5%

$90,000.01 to $150,000

1.0%

$150,000 to $200,000

1.5%

$200,000+

2.0%

The land transfer tax on a $200,000 home ($200,000 x 1.5%) is $3,000.

There is also a registration fee upon registration of the transfer of title.

Quebec land transfer tax

Land transfer tax in Quebec7 is collected and assessed at the municipal level. The value of the property is the greater of:

The market value of the property, as assessed by municipal guidelines

The purchase price

The amount on the Deed of Sale

Value of Property

Marginal Tax Rate

On the first $50,000

0.5%

$50,000.01 to $250,000

1.0%

$250,000+

1.5%

For example, on a $200,000 home, the tax payable ($200,000 x 1.0%) is $2,000.

Montreal land transfer tax

Land transfer tax in Montreal8 varies slightly from the rest of Quebec.

Value of Property

Marginal Tax Rate

On the first $50,000

0.5%

$50,000 to $250,000

1.0%

$250,000 to $500,000

1.5%

$500,000 to $1,000,000

2.0%

$1,000,000+

2.5%

In Montreal, a $200,000 home has land transfer tax ($200,000 x 1.0%) of $2,000.

New Brunswick land transfer tax

The land transfer tax in New Brunswick9, called the New Brunswick Real Property Transfer Tax, is 0.25% of the value of the property—either the assessed value of the home or the value used in consideration for the transfer, whichever is greater.

For example, on a $200,000 home, the tax payable ($200,000 x 0.25%) is $500.

PEI land transfer tax

Also called PEI Real Property Transfer Tax10, the LTT in PEI is fixed at 1% of the greater of the sale price or the assessed value.

For example, on a $200,000 home, the tax payable ($200,000 x 1.0%) is $2,000.

First-time homebuyers in PEI are eligible to apply for a land transfer tax rebate of the full LTT amount, if the purchase price and property value are both below $200,000.

Nova Scotia land transfer tax

Land transfer tax (called Deed Transfer Tax in Nova Scotia11) is set by municipality, ranging from 0.5% to 1.5% of the purchase price.

In Halifax, for example, where the tax is 1.5%, the tax payable on a $200,000 home ($200,000 x 1.5%) is $3,000.

Newfoundland and Labrador land transfer tax

In Newfoundland12, the Registration of Deeds Prescribed Fees includes assignment fees, similar to property tax.

Value of Property

Associated fees/rates

Less than $500

$100

$500+

$100 + ($0.40 x each additional $100)

For example, on a $200,000 home, the fees payable ($100 + (1999 x $0.40)) total $899.60.

Yukon land transfer tax

Yukon LTT13 (called transfer fees) vary depending on the amount of your home, rising gradually as the property value increases. See the Transfer Fees chart on the Yukon Government website to find exact amounts.

A $200,000 home in Yukon has transfer fees of $73.00.

Northwest Territories land transfer tax

Value of Property

Associated fees/rates14

On the first $1,000,000

$1.50 for each $1,000 (Minimum fee of $60)

$1,000,000

$1.00 for each $1,000

For example, on a $200,000 home, the fees payable (200 x $1.50) total $300.

Nunavut land transfer tax

Nunavut uses the same system as the Northwest Territories. Read above for NWT fees.